FX traders - if you are following ForexLive you were 10 minutes ahead of the pack getting the Davis resignation news
UK rumour - Brexit minister David Davis reported to have resigned
Easy, easy GBP pips to be had.
Davis resignation comes amid reports of a split in the UK government on the plan May announced at Chequers
- A second minister has also resigned, Steve Baker gone
Reports of a split in the government should come as no surprise. Brexit is divisive. But it comes after we had Cabinet 'agreement' at Friday's meeting. This gettin' serious!
The split is approaching a point where a challenge to May is ratcheting much higher in probabilities. I've gotten tired of all the 'challenge' reports over past months and months and months. But now … look out!
